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treasury secretary nobody goes to the treasury department every day and says could you tell me if the u.s. was active directly or indirectly in the markets today but the law says you can look it up it's on the treasury department's internet site the law authorizes the united states exchange stabilization fund to trade secretly in the gold market and any other market that the treasury secretary secretary decides he wants to get into because we don't know exactly what's going on and because we don't know exactly what central banks are doing with their gold in terms of leasing and whatnot because it's all on one line item from what i understand the way they account for it there is a resistance to this discussion and i want to skip a couple questions guys in the control room to go to the sound bite i have a little further down from bloomberg where eric sprott a gentleman who i think you guys know because he cites your work we've had him on our show here he is on bloomberg talking about some recent work he had done in this area was take a listen. i wrote an article recently. questioning wh
treasury secretary nobody goes to the treasury department every day and says could you tell me if the u.s. was active directly or indirectly in the markets today but the law says you can look it up it's on the treasury department's internet site the law authorizes the united states exchange stabilization fund to trade secretly in the gold market and any other market that the treasury secretary secretary decides he wants to get into because we don't know exactly what's going on and because we...
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Dec 15, 2012
12/12
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the press would say we have the treasury. you have to put politics. early on in with something that mr. lewis. he sort of say, hey, i'm a democrat. i contributed to president obama pier rihanna i feel about putting an airport that i know is going to hit them right between the gas. the answer to that question is i took an oath of office. i put my hand on the family bible and swore to uphold the job that i would do. and that had a control. we had to put those issues behind us and do the job that we were sent to washington to do. >> host: did you meet with president george w. bush or barack obama? >> guest: arm sari. >> host: did you meet with george w. bush or barack obama? >> guest: nighter one. we always wanted to five nsa we because i went down with my deputy. it was really great to have in there. we really wanted to meet obama. that would have been really exciting. we thought we had a shot because senator mitch asked to put a bill through called a special one specter general act of 2009, and it was a great bill. one of my staff used to work at the w
the press would say we have the treasury. you have to put politics. early on in with something that mr. lewis. he sort of say, hey, i'm a democrat. i contributed to president obama pier rihanna i feel about putting an airport that i know is going to hit them right between the gas. the answer to that question is i took an oath of office. i put my hand on the family bible and swore to uphold the job that i would do. and that had a control. we had to put those issues behind us and do the job that...
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Dec 1, 2012
12/12
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host: what is the benefit for the treasury department? guest: the treasury would get more money. that is money that is no longer coming into the treasury. it is real money. the child tax credit claims in 2009 totaled about $20 million. you can get a sense of how much on the treasury would have gone if that credit were not in place. host: is there a sense of what this has cost the treasury? guest: several hundred billion dollars. host: is a large part or is this a side issue as other things get debated? guest: most of the discussion is what happens to the top two tax rates. that's where most of the political attention is right now. these are important issues for families. they haven't quite gotten the attention yet. host: lower income, middle income, that is where we're talking. guest: this is the heart of tax policy for low and middle-income families. this is if you're making tax policy at those families. host: steven >> the executives are members of the group called the campaign to fix the bad. this is 20 minutes. >> okay, thank you. welcome, everybody. it has been a remarkable
host: what is the benefit for the treasury department? guest: the treasury would get more money. that is money that is no longer coming into the treasury. it is real money. the child tax credit claims in 2009 totaled about $20 million. you can get a sense of how much on the treasury would have gone if that credit were not in place. host: is there a sense of what this has cost the treasury? guest: several hundred billion dollars. host: is a large part or is this a side issue as other things get...
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Dec 23, 2012
12/12
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a lot of times, too much discretion was given the treasury. and that led to not really execution all that well. some the more important mainstreet goals of the program. >> 202 is the area code. you can participate in this conversation with neil barofsky. the phone numbers are on the bottom of the screen. please call if you are in any of the time zones. he worked for a month and a half or so what was your relationship with the two gentlemen? >> i found it very accommodating. he's warming into office. he was very nice from the beginning. he really wanted here where i was coming from. he wanted our input at that meeting about the auto bll. what protections we thought were necessary to protect from fraud. we had serious tension as we were pushing for more transparency and more work conditions. we were certainly pushing back. personally, i did find that he was interested in what we have to say is one of his chief lieutenants. he wanted to make this work. our relationship with secretary timothy geithner was different. it's pretty much dismiss it fro
a lot of times, too much discretion was given the treasury. and that led to not really execution all that well. some the more important mainstreet goals of the program. >> 202 is the area code. you can participate in this conversation with neil barofsky. the phone numbers are on the bottom of the screen. please call if you are in any of the time zones. he worked for a month and a half or so what was your relationship with the two gentlemen? >> i found it very accommodating. he's...
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in the late seventy's the act provides in part that the department of the treasury has a stabilization fund consistent with the obligations of the government in the international monetary system to fund an orderly exchange of arrangements in an orderly system of exchange rates the secretary with the approval of the president may deal in gold there you have it foreign exchange and other instruments of credit and securities. that was when we had chris murphy on from gap last time i don't think i looked as confused when i was explaining what it was you couldn't see me but you go look at that now this week we tried something a little different we interviewed the c.e.o. of a company that we thought was interesting and we did a story in the field somewhere in their reviews were mixed nordic patriots that i think it's wrong for capital account to interview the c.e.o. from car to go in to show the logo of the company it makes the show look like a promotional platform for private companies rather than one about financial issues keep your eyes on the ball please meanwhile shiloh's said love the
in the late seventy's the act provides in part that the department of the treasury has a stabilization fund consistent with the obligations of the government in the international monetary system to fund an orderly exchange of arrangements in an orderly system of exchange rates the secretary with the approval of the president may deal in gold there you have it foreign exchange and other instruments of credit and securities. that was when we had chris murphy on from gap last time i don't think i...
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the coin into the treasuries account at the fed the fed's asset the coin and liabilities treasuries account increased by the same amount future deficit spending by the federal government could thereby continue to be carried out by minton koreans and depositing him them in the treasury's account at the fed this is the equivalent of us singing around the hidden people now do be do you we don't kill. us. it's a back door gold or silver standard you know they're saying where you get there by continuing the current situation but backing it up by telling dollar platinum coins oh by the way why don't we just go back to a precious metal standard oh yeah why don't we just do that all right stacy hammer thanks much being on the kaiser report thank you all right stay tuned for the second half i'll be talking to david smith of geneva business insider dot blogspot dot com about alice in switzerland. economy foreign policy descends home of. president putin's federal assembly address on and on t. dot com. sigrid laboratory to mccurdy was able to build the most sophisticated robot which all unfortu
the coin into the treasuries account at the fed the fed's asset the coin and liabilities treasuries account increased by the same amount future deficit spending by the federal government could thereby continue to be carried out by minton koreans and depositing him them in the treasury's account at the fed this is the equivalent of us singing around the hidden people now do be do you we don't kill. us. it's a back door gold or silver standard you know they're saying where you get there by...
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the coin into the treasuries account at the fed the feds asset the coins and liabilities treasuries account increased by the same amount future deficit spending by the federal government could thereby continue to be carried out by admitting koreans and depositing in them in the treasuries account at the fed this is the equivalent of us sitting around a hidden people to be do you we don't do. but it's a back door gold or silver standard you know they're saying where you get there by continuing the current situation but backing it up by telling dollar platinum coin by the way why don't we just go back to a precious metal standard oh yeah well we'll just do that all right stacy hammer thanks much being on the kaiser report thank you much are i say to the second half i'll be talking to david smith of geneva business insider dot blogspot dot com about alice in switzerland. he. agreed to take three. or three. months free. free free. free. video for your media project c.e.o. don carty dot com. welcome to the kaiser report imax guys are time now to turn to david smith geneva business inside
the coin into the treasuries account at the fed the feds asset the coins and liabilities treasuries account increased by the same amount future deficit spending by the federal government could thereby continue to be carried out by admitting koreans and depositing in them in the treasuries account at the fed this is the equivalent of us sitting around a hidden people to be do you we don't do. but it's a back door gold or silver standard you know they're saying where you get there by continuing...
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Dec 19, 2012
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spread in corporate bonds and treasury yields continu continuo fall despite the fact the treasury being downgraded. liz: it is surprising to me is anybody buying treasuries in this market right now with the yields so low, it is practically throwing money away. they know the federal reserve is buying 70% of the treasury bonds right now, but who else is buying? >> there are lots of investors. for an individual investor to have the treasury market right now is returning to the risk. who do the math all it takes is 22% increase in ten-year treasury yields over the next 12 months which legitimately could wipe out a year's worth of income for the father and with the decline. liz: wears a better opportunity in the fixed income? >> a couple of areas from investment grade in the high yield market. but at the risk return trade-off right now, they look most attractive to us, other areas who like the higher quality than is both bonds. the last week alone spreads relative to treasuries have widened out, it is a good opportunity given the last few days of the year to get i it on the meaty side of thi
spread in corporate bonds and treasury yields continu continuo fall despite the fact the treasury being downgraded. liz: it is surprising to me is anybody buying treasuries in this market right now with the yields so low, it is practically throwing money away. they know the federal reserve is buying 70% of the treasury bonds right now, but who else is buying? >> there are lots of investors. for an individual investor to have the treasury market right now is returning to the risk. who do...
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the coin into the treasuries account at the fed the fed asset the coin and liabilities treasuries account increased by the same amount future deficit spending by the federal government could thereby continue to be carried out by minton koreans and depositing him them in the treasuries account at the fed this is the equivalent of us sitting around a hidden people do you be do you we don't kill you threw rocks at us oh so back to our gold or silver standard you know they're saying where you get there by continuing the current situation but backing it up by telling dollar platinum coin by the way why don't we just go back to the precious metal standard oh yeah why don't we just do that all right stacey newman thanks much being on the kaiser report thank you much i say to the second half of me talking to david smith of geneva business insider dot blogspot dot com about alice in switzerland. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device more jati any time any. he is easy
the coin into the treasuries account at the fed the fed asset the coin and liabilities treasuries account increased by the same amount future deficit spending by the federal government could thereby continue to be carried out by minton koreans and depositing him them in the treasuries account at the fed this is the equivalent of us sitting around a hidden people do you be do you we don't kill you threw rocks at us oh so back to our gold or silver standard you know they're saying where you get...
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the treasuries exchange stabilization fund and why the u.s. government is able to manipulate gold silver in all markets as they choose this surprises me because max kaiser has been saying this for years j.p. morgan and u.s. governments over manipulation of the treasuries etc watch other shows on our t.'s network i would suggest you do you'll learn an ocean full of financial info from the brilliant max kaiser now of course i agree with you you can learn an ocean full of financial info from max kaiser we respect his program so much another option though in terms of learning about the treasury's exchange stabilization fund so that i don't look so confused is perhaps watching this show on say august seventh two thousand and twelve. the legal basis of the e.s.f. is the gold reserve act of one nine hundred thirty four which you just talked about chris paul as amended in the late seventy's the act provides in part that the department of the treasury has a stabilization fund consistent with the obligations of the government and the international monet
the treasuries exchange stabilization fund and why the u.s. government is able to manipulate gold silver in all markets as they choose this surprises me because max kaiser has been saying this for years j.p. morgan and u.s. governments over manipulation of the treasuries etc watch other shows on our t.'s network i would suggest you do you'll learn an ocean full of financial info from the brilliant max kaiser now of course i agree with you you can learn an ocean full of financial info from max...
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Dec 7, 2012
12/12
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from tapping into the treasury next september. however, swift action from congress, coupled with the $11 billion in additional value from the new fiscal year 2013 business, will reduce the likelihood that a treasury draw will be necessary. furthermore, these changes, as well as those we made over the past four years, have laid the foundation for a stronger f.h.a. and a healthier m.m.i. fund that supports the recovery of the housing market and economy, while actively reducing f.h.a.'s market share. as we work together to adapt and reform the f.h.a. program, we must proceed with a balanced approach that recognizes both the challenges to f.h.a. and its contributions to our economy. we are eager to work with you to achieve these shared goals. thank you again for the opportunity to testify today. i look forward to taking your questions. >> thank you for your testimony. as we begin questions, i will ask the clerk to put five minutes on the clock for each member. secretary donovan, i'm very concerned about the f.h.a.'s fiscal condition a
from tapping into the treasury next september. however, swift action from congress, coupled with the $11 billion in additional value from the new fiscal year 2013 business, will reduce the likelihood that a treasury draw will be necessary. furthermore, these changes, as well as those we made over the past four years, have laid the foundation for a stronger f.h.a. and a healthier m.m.i. fund that supports the recovery of the housing market and economy, while actively reducing f.h.a.'s market...
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Dec 26, 2012
12/12
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FBC
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breaking news from the treasury department, all about the debt ceiling. we have been focusing on the fiscal cliff, there is the debt ceiling limit. peter barnes with the very latest on this. >> all tied up together. secretary geithner warning it could hit the $16.4 trillion debt ceiling on december 31. on monday, new year's eve. but it can use some extraordinary measures with public finances to create $200 billion of additional headroom in the debt ceiling to push out hitting the borrowing limit for about two more months or so to around the end of february. she later released by the treasury, symmetry rights under normal circumstance that amount of headroom would last approximately two months. whoever given the significant uncertainty that now exists with regard to unresolved taxes and spending policies for 2013 it is not possible to predict the effective duration of these methods. these moves were expected by the treasury in the battle over the fiscal cliff remains unresolved. during the debt ceiling fight the steps include the sales of special governmen
breaking news from the treasury department, all about the debt ceiling. we have been focusing on the fiscal cliff, there is the debt ceiling limit. peter barnes with the very latest on this. >> all tied up together. secretary geithner warning it could hit the $16.4 trillion debt ceiling on december 31. on monday, new year's eve. but it can use some extraordinary measures with public finances to create $200 billion of additional headroom in the debt ceiling to push out hitting the...
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Dec 9, 2012
12/12
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essential to the role the american state has played in the world as the treasury and the federal reserve have been. and that term empire which was coined for the way in which decapolis class of europe after 1945 facing strongly and much more concerning labour movements , the socialist threat that they posed, and they were concerned about a soviet invasion. turn to the american state to look to the american state to reconstruct a capitalistic. and in that sense it was empire building. when multinational corporations, the conditions by the late 1950's were found conducive to the flow in europe, that was very much empire. and the conditions that had been established toward the productivity councils that were set up to the 1950's to learn from the way in which american workers had struck a deal with the famous trio detroit with the auto companies whereby they would contribute to productivity by not interfering in the managerial prerogatives of the workplace, provided they got great returns come equal to the compensation, equal to that increase in productivity, and that was very much and stil
essential to the role the american state has played in the world as the treasury and the federal reserve have been. and that term empire which was coined for the way in which decapolis class of europe after 1945 facing strongly and much more concerning labour movements , the socialist threat that they posed, and they were concerned about a soviet invasion. turn to the american state to look to the american state to reconstruct a capitalistic. and in that sense it was empire building. when...
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usual will clean out the treasury before you get there. ok did you hear him those old coots will clean out the treasury before you get there i mean this is just so funny we had to play a clip is there anything you want to say about it while it goes put on the girl just like you put that in your pipe and smoke. all these expressions i would love to see this goes for secretary but i don't think. probably maybe but i'll tell you he brings a certain straight talking to washington that you just rarely see and it's just really refreshing and a flamboyance of a different car and i mean he's got this. idea you describe before we turn into a total love fest which i'm sure he has you know has his share of hypocrisy on his record from when he was a senator they all do so let's move on to the next story because we have. some new developments in the front when it comes to creepy technology ok we're used to companies by now tracking our online habits take a look. at facebook approaching a billion members and in the fight to monetize the business the com
usual will clean out the treasury before you get there. ok did you hear him those old coots will clean out the treasury before you get there i mean this is just so funny we had to play a clip is there anything you want to say about it while it goes put on the girl just like you put that in your pipe and smoke. all these expressions i would love to see this goes for secretary but i don't think. probably maybe but i'll tell you he brings a certain straight talking to washington that you just...
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clinton out the treasury has or has words we'll cover both after the break but first your closing market numbers. wealthy british style. is not on the tires on. the. market so why not. come to find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines join in two cars a report on. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. eh. eh eh eh a. good laboratory. to build. anything tim's mission to teach me. this is why you should care only. welcome back our guest michael wood for the exposed fraud at the japanese firm a limp this live to tell about it he's here on our set giving us the lessons that he feels not pulling any punches when it comes to japanese corporate governance and now i want to speak more broadly to you about the economy because you you work there you are an employee of olympus for thirty y
clinton out the treasury has or has words we'll cover both after the break but first your closing market numbers. wealthy british style. is not on the tires on. the. market so why not. come to find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines join in two cars a report on. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some...
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Dec 13, 2012
12/12
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one is the treasury price itself. the fed is big buyer of treasurys and continuing that program means that for a lot of investors, instead of the perception that treasurys are risk-free there is real perception here that treasuries are very sensitive to interest rate changes and slightly higher inflation. the fed said they will tolerate perhaps a slightly higher inflation numbers, perhaps up to 2 1/2%. at 2 1/2% inflation, most of treasury yield curve is underwater. any small increase in treasury rates of 10, 20, or 20 five basis points means total return is already negative. david: let me stop you right there, john. >> two ahead. david: the fed is now buying 70% of all the new treasurys being eschewed. how could that not be distorting? >> how could it not be distorting? again you have a huge buyer in the marketplace really is setting prices. now you're subject to the problems of slightly higher inflation raising interest rates at the long end of the curve, and again the total return in nominal value is already negati
one is the treasury price itself. the fed is big buyer of treasurys and continuing that program means that for a lot of investors, instead of the perception that treasurys are risk-free there is real perception here that treasuries are very sensitive to interest rate changes and slightly higher inflation. the fed said they will tolerate perhaps a slightly higher inflation numbers, perhaps up to 2 1/2%. at 2 1/2% inflation, most of treasury yield curve is underwater. any small increase in...
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Dec 11, 2012
12/12
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KRON
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the treasury saying the u.s. is likely to hit its 16 part 4 trillion dollar debt limit by the end the year. the treasury could use of credit measures that would stave off any u.s. debt default until mid february. a lot to deal with for congress. they have to get a deal done. they really only have the next week and half before they go on recess. as far as where the talks are right now? they are nowhere. >> we will be back in a couple of minutes. watching wall street the dow finished with a modest gain of 15 points. dow futures are up 35 ahead of the opening bell. we're getting optimism about the federal reserve. whether will do something to stimulate the economy they weren't have a two day policy meeting. a lot of controversy when the u.s. company bailed out aig. they sell the remaining sales for over 7 billion. the u.s. government at one time on a 92% stake in aig. many thought the u.s. government would lose a lot of money on this deal. the u.s. government makes 22.7 billion and aig is now out of government hands
the treasury saying the u.s. is likely to hit its 16 part 4 trillion dollar debt limit by the end the year. the treasury could use of credit measures that would stave off any u.s. debt default until mid february. a lot to deal with for congress. they have to get a deal done. they really only have the next week and half before they go on recess. as far as where the talks are right now? they are nowhere. >> we will be back in a couple of minutes. watching wall street the dow finished with a...
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Dec 27, 2012
12/12
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the yield on the 10 year note has a big move down as people pile into the treasury's. along with the flight to quality people suggest that it should be down even more we will be back after this. marr, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get marrd, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guince and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> i am at m shapiro. wholesales rose it of members to the highest level more than two years. sales were up 15% from the same time last year. mortgage rates finished out but the average for the 30 year fixed average was up three point* 3%. after four years on the job the epa's administrator jackson is resigning expecting to leave after the "state of the union" address in january. sea world entertainment filing for the ipo coming three years after
the yield on the 10 year note has a big move down as people pile into the treasury's. along with the flight to quality people suggest that it should be down even more we will be back after this. marr, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get marrd, they'll find some retirement people who are paid on salary, not commission. they'll get...